Am I really allowed to claim a Qualified Business Income Deduction for REIT Dividends?

Forum|Forum|6 years ago
February 2, 2020
2 replies
33 views

Turbotax took 1099-DIV Box 5 amounts which were NOT related to my Schedule C business income and included them under Qualified REIT Dividends on Form 8995 Line 6. Am I really alowed to take this Section 199A deduction on Form 8995 which is for Qualified Business Income Deductions even though it had nothing to do with my Schedule C income?

TurboTax Self Employed Online

Best answer by DavidS127

Yes, qualified real estate investment trust (REIT) dividends are eligible for the qualified business income (QBI) deduction. See this IRS link for information about what qualifies for the QBI deduction.

DavidS127Answer

Level 13

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Pip_12_mnAuthor

Level 6

Thanks, I wanted to make sure I was still eligible for the REIT Dividend deduction even though the income came from the Personal side of my tax return.